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Sunday, December 3, 2023

Today, New York Times Co. (NYSE: NYT) Takes Center Stage

After Hours

The risks associated with pre-market and after-hours trading may be slightly higher than the regular market hours. The reason is that extended-hours trading may result in wider spreads for particular security due to lower liquidity and higher volatility as issuers often announce critical financial information outside regular trading hours. After-hours trades for New York Times Co. (NYT) shows that investor sentiment remained broken, with the stock’s consolidated last price falling by -$0.45, or -1.04%, to $42.98. The New York Times Co. has recorded 14,771 volume in the after hours trading session. Most recently, Yahoo Finance reported about the stock as it publicized that Anuradha Subramanian Joins The New York Times Company Board of Directors.

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Stocks Info

The company is listed on the NYSE and operates within the Publishing industry segment. At the end of the last regular session, the stock closed at $43.43 and fluctuated between $43.61 as its day high and $42.63 as its day low. The current market capitalization of New York Times Co. is $7.14B. A total of 1.34 million shares were traded on the day, compared to an average of 1.22M shares.

Insider Activity

Furthermore, investors take into consideration insider trades when predicting a stock’s future trajectory. During the recent three months, NYT has seen 9 BUY and 0 SELL insider trades, representing the acquisition of 593 and the disposition of 0 shares. Over the last 12 months, there were 57 BUYs and 20 SELLs from insiders. Insiders purchased 216,405 shares during that period but sold 161,750.

In the most recent transaction, Sulzberger Arthur G. sold 8,500 shares of NYT for 44.23 per share on Aug 11. After the transaction, the Chairman and Publisher now owns 101,691 company shares. In a previous transaction on Aug 10, KOPIT LEVIEN MEREDITH A. sold 22,788 shares at 43.92 per share. NYT shares that PRESIDENT & CEO owns now total 104,302.

Among the insiders who sold shares, Brayton Diane disposed of 11,000 shares on Aug 10 at a per-share price of $44.03. This resulted in the EVP, GENERAL COUNSEL holding 36,741 shares of NYT after the transaction. In another insider transaction, BENTEN R ANTHONY sold 8,401 shares at $44.30 per share on Aug 10. Company shares held by the SVP, Treasurer & CAO now total 41,575.


The dividend paying company demonstrates a positive outlook for investors and helps them generate immediate cash. New York Times Co. pays an annual dividend of $0.42, resulting in a dividend yield of 0.97%, and it has a price to earnings (P/E) ratio of 37.18. NYT’s most recent ex-dividend date was 10/6/2023 when it declared a $0.11 quarterly dividend that was paid in cash on 10/26/2023. Previously, the company paid the dividend on 7/27/2023 with an ex-dividend date of 7/10/2023. The NYT stock dividend was $0.11 per share in cash.

It has been observed that price targets are rarely accurate, but they can exert some influence from time to time, and are often accepted as valuable in the market. According to analysts who have offered 12-month price targets for NYT in the last 3 months, the mean price target is $46.00 with high estimates of $53.00 and low estimates of $40.00. In terms of 52-week highs and lows, NYT has a high of $45.33 and a low of $31.46.

As of this writing, NYT has an earnings estimate of $0.59 per share for the current quarter. EPS was calculated based on a consensus of 6 estimates, with a high estimate of $0.66 per share and a lower estimate of $0.44. The company reported an EPS of $0.38 in the last quarter, which was 81.00% higher than expectations of $0.21.

Balance Sheet Annually/Quarterly

An equity investor’s investment can be viewed on a balance sheet by looking at what assets and liabilities the company has. Investors can determine the company’s prospects by calculating its financial ratios based on this information. NYT’s latest balance sheet shows that the firm has $661.05M in Cash & Short Term Investments as of fiscal 2021. There were $63.61M in debt and $559.15M in liabilities at the time. Its Book Value Per Share was $10.05, while its Total Shareholder’s Equity was $1.54B.

Analysts Opinion

There may be slightly higher risks associated with pre-market and after-hours trading than during regular market hours. Due to the fact that issuers often announce critical financial information outside of regular trading hours, extended-hours trading may result in wider spreads for particular securities. Currently, 0 analysts are providing their opinions on the stock. On a scale of 1 to 5, with 1 being Sell and 5 being Buy, the average analyst rating for NYT is Buy with a score of 3.50.

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